Matching supply and demand with lead-time dependent price and with safety stocks in a make-to-orderproduction system

HIGHLIGHTS

  • who: Sonu Kumar Das and Thyagaraj S. Kuthambalayan from the Department of Management Studies, Indian Institute of Technology (ISM), Dhanbad, Jharkhand, India have published the research: Matching Supply and Demand with Lead-Time Dependent Price and with Safety Stocks in a Make-to-OrderProduction System, in the Journal: Systems 2022, 256 of /2022/
  • what: The authors provide a closed-form solution using the multivariable optimization technique . Most studies consider real-time lead-time quotation while this study determines 4 of 19 tactical level lead-time guarantee before demand realization.
  • how: From the sensitivity . . .

     

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